{"id":69192,"date":"2017-10-17T00:16:18","date_gmt":"2017-10-16T17:16:18","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/finding-solutions-to-the-uks-housing-crisis-letters\/"},"modified":"2017-10-17T01:03:13","modified_gmt":"2017-10-16T18:03:13","slug":"finding-solutions-to-the-uks-housing-crisis-letters","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/finding-solutions-to-the-uks-housing-crisis-letters\/","title":{"rendered":"Finding solutions to the UK\u2019s housing crisis | Letters"},"content":{"rendered":"


\nReaders respond to Britain\u2019s chronic shortage of affordable housing with solutions of their ownLarry Elliott suggests five steps to fix the housing market (Britain\u2019s broken housing market \u2013 and how to fix it, 9\u00a0October) which include Kate Barker\u2019s idea of \u201cacquiring\u201d large sites abutting urban areas at a modest premium to their existing use. That would effectively part-nationalise development value and might help supply, although the Tories wouldn\u2019t do it because they reversed Labour\u2019s two attempts at taxing development value, the Land Commission Act 1967 and the Community Land Act 1975\/Development Land Tax 1976. Increased housing supply doesn\u2019t automatically lead to lower prices of course (unless builders were to build at a rate that forced them to drop their own prices, which they wouldn\u2019t) because, as\u00a0Elliott says, the housing \u201cmarket\u201d isn\u2019t\u00a0a market at all in the traditional supply-and-demand sense.Before more of this crowded country\u2019s open space is concreted over and its amenity value taken from those abutting urban areas, other expedients could be deployed, like penal taxation of empty property and progressive taxation of inherited property wealth, the latter of which continues to snowball for the haves and push prices further beyond the have-nots. Those two measures would do more to bring prices back closer to a manageable multiplier of local earnings and improve the rising generation\u2019s chances of ownership. Whether the banks\u2019 loan books could stand the strain of falling prices \u2013 and how hard the Treasury would fight to avoid them \u2013 is another question.John WorrallCromer, Norfolk Continue reading…
\n
\nSource : theguardian.com
\nRead more…Finding solutions to the UK\u2019s housing crisis | Letters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Readers respond to Britain\u2019s chronic shortage of affordable housing with solutions of their ownLarry Elliott...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-69192","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-i00","jetpack-related-posts":[{"id":120308,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/to-fix-britains-housing-mess-think-outside-the-box-letters\/","url_meta":{"origin":69192,"position":0},"title":"To fix Britain\u2019s housing mess, think outside the box | Letters","date":"February 11, 2021","format":false,"excerpt":"\r John Worrall on the fundamental shift needed in home ownership philosophy, Barry Jones on community-led housing groups and Duncan Roberts on challenging conventional home ownershipI\u2019m surprised to see Larry Elliott (How to turn the UK\u2019s \u2018generation rent\u2019 into \u2018generation buy\u2019, 7 February) pointing to \u201ctough green belt regulations\u201d and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96800,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-housing-crisis-will-not-be-solved-by-curbing-speculation-alone-anne-perkins\/","url_meta":{"origin":69192,"position":1},"title":"The housing crisis will not be solved by curbing speculation alone | Anne Perkins","date":"August 28, 2018","format":false,"excerpt":"\r The IPPR\u2019s call to freeze land prices is right \u2013 but it will take more than a tweak of land supply mechanics to fix the messThe increase in the value of land that has, or just might get, consent for housing verges on the incredible. This is not any\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92606,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/londons-property-prices-leads-to-exodus-of-early-30s-larry-elliott\/","url_meta":{"origin":69192,"position":2},"title":"London's property prices leads to exodus of early 30s | Larry Elliott","date":"June 27, 2018","format":false,"excerpt":"\r High housing costs has doubled the number of people in their 30s leaving the capitalLondon\u2019s expensive property prices are leading to an exodus of people in their early 30s from the capital, according to a report showing the economy of Britain\u2019s biggest city increasingly dominated by low-skill jobs.A report\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45848,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-have-all-attempts-to-fix-britains-housing-crisis-failed-look-to-the-land-toby-lloyd\/","url_meta":{"origin":69192,"position":3},"title":"Why have all attempts to fix Britain\u2019s housing crisis failed? Look to the land | Toby Lloyd","date":"February 28, 2017","format":false,"excerpt":"\r The housing white paper is the latest in a long line of policies and initiatives that have failed to address, or even understand, the role of land in the economyThe title of the recent housing white paper suggested a new urgency to government policy. It\u2019s not hard to see\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87543,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/at-last-a-reason-to-celebrate-house-prices-are-falling-larry-elliott\/","url_meta":{"origin":69192,"position":4},"title":"At last, a reason to celebrate: house prices are falling | Larry Elliott","date":"May 10, 2018","format":false,"excerpt":"\r It won\u2019t be easy to wean Britain off the obsession with ever increasing property values, but it\u2019s important to tryThe housing market is dead. Britain\u2019s biggest mortgage lender, the Halifax, says that prices fell in April by 3.1%, the biggest monthly drop in almost eight years. Newspapers bury this\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9334,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-land-supply-has-little-to-do-with-sky-high-housing-prices\/","url_meta":{"origin":69192,"position":5},"title":"Hong Kong\u2019s land supply has little to do with sky-high housing prices","date":"March 29, 2016","format":false,"excerpt":"\r Are we short of suitable development land in Hong Kong: True or false?\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s land supply has little to do with sky-high housing prices","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/69192"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=69192"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/69192\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=69192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=69192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=69192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}